Like Tesla’s sportster, the stock can go from zero to sixty in under four seconds — behavior that at once courts danger and opportunity. The chart shown evinces plenty of the latter, with a short-squeezed opening bar that turned out not to have been a bull trap. Notice how the high of that bar got past peak #1 without breaking above #2. That’s about as ‘camouflaged’ as gap-up openings get, but even then you’d have needed to ride the whirlwind for the rest of the day just to eke out a $2-per-share gain. From here, the best play I could imagine on Wednesday would come on a quick (i.e., 90-second or less) pullback from pennies above peak #2. If it takes the form of a sharply etched b-c leg, I’d suggest jumping aboard at the ‘x’ entry without thinking about it. _______ UPDATE (10:45 a.m. EDT): This time the opening was a bull trap, with the stock touching 150.31, just above peak #2, on the first bar before diving to a so-far low of 146.25. Since there was no C-D rally, we did nothing and hold no position.
